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5405 6th Ave

4,723 SF 23% Leased Retail Building Brooklyn, NY 11220 For Sale

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Investment Highlights

Busy Heavy Traffic
Cap rate 3%

Gross Income: $139,200

Executive Summary

Prime Location 6 Avenue 54 street Sunset park, Busy high traffic area newly rebuilt gut renovated from ground up legal 3 family with storefront & LEGAL basement storefront/Office/ Storage! Huge three residential apartment, each consist of 4 bedrooms & 2 full baths & 2 balcony! Lots of closet space, Average residential size 1,822 sq ft with high ceiling! New kitchen bathroom, floors too much to say! Month to month occupancy! Storefront 1,080 sq ft with full finished basement with high ceiling & bathroom with its separate entrance & boiler! Building size 20 x 55 lot size 20 x 80. R6 S2zoning. Storefront currently discount 99 cents store -no lease - paying $ 5,000-month NNN lease. Projected Cap rate 7% with many upsides potential Projected $ 366,000 yr income! All market values! Near 8th Or 4 Avenue shopping corridor, all train, restaurant & much more!

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

4,723 SF

Building Class

Year Built

1910

NOI

$203,409 CAD

Percent Leased

23%

Tenancy

Multiple

Building Height

4 Stories

Building FAR

2.71

Lot Size

0.04 AC

Zoning

R6A - A contextual district where the Quality Housing bulk regulations are mandatory.

Frontage

21 ft on 6th Ave

About 5405 6th Ave , Brooklyn, NY 11220

Prime Location 6 Avenue 54 street Sunset park, Busy high traffic area newly rebuilt from ground up legal 3 family with storefront & legal recreation basement! Huge three residential apartment, each consist of 4 bedrooms & 2 full baths & 2 balcony 2,000 sq ft! Lots of closet space ,Average residential size 2,000 sq ft with high ceiling! New kitchen bathroom, floors, too much to say! Month to month occupancy! Storefront 1,200 sq ft with full finished basement with high ceiling & bathroom with its separate entrance! Building size 20 × 55 lot size 20 × 80. R6 zoning. Storefront currently discount 99 cents store with 5 year lease. Current Cap rate with many upside potential! All market value! Near 8th avenue shopping corridor, all train, restaurant & much more! School district # 15 owner very motivated! ID#49-010